By Peter OBIORA InvestAdvocate Lagos (INVESTADVOPCATE)- Nigeria’s First City Monument Bank Plc, Tuesday forecast a 20 percent (20%) fall in the First-Quarter (Q1) Profit After tax (PAT) compared to N4.003 billion it made in last year’s result for the same period. This is contained in the Forecast Earnings of the […]
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HSBC to pay $1.9 billion U.S. fine in money-laundering case
HSBC has agreed to pay a record $1.92 billion fine to settle a multi-year probe by U.S. prosecutors, who accused Europe’s biggest bank of failing to enforce rules designed to prevent the laundering of criminal cash. The U.S. Justice Department on Tuesday charged the bank with failing to maintain an […]
Delta buys 49 percent stake in Virgin Atlantic
Delta buys 49 percent of Virgin Atlantic for $360M; joint venture to boost Heathrow presence Delta Air Lines said it will buy almost half of Virgin Atlantic for $360 million as it seeks a bigger share of the lucrative New York-to-London travel market. Delta plans to form a joint venture […]
